NOT LISTED FOR SALE

40 Cove Rd Old Lyme, CT 06371

Estimated Value: $1,030,000 - $1,059,158

4 Beds
2.5 Baths
3,323 Sq Ft
$314/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $515,000 $155 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $6,320/month

122 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Colonial Architecture
  • Attic
  • Lyme Consolidated School Rated A-
  • Partially Wooded Lot
  • 1 Fireplace

About This Home

As of September 2016

Located just steps from Hamburg Cove and marinas, this lovely, shingled Garrison Cape was renovated in 2007-08. The house is set prettily above Cove Road in an area of fine, waterfront homes. An open, light-filled interior is both elegant and comfortable with a LR fireplace, a wetbar in the family room and a cathedral ceiling in the Master Suite with a private bath with tumbled marble. Two-car attached garage and private backyard. A lovely home in a great location.

Last Agent to Sell the Property

Evan Griswold

Coldwell Banker Realty License #RES.0281418 Listed on: 04/04/2016

Co-Listed By

Maddy Mattson

Coldwell Banker Realty License #RES.0754327

Last Buyer's Agent

Jodi Strycharz

William Pitt Sotheby's Int'l License #RES.0767047

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,480

Year Built

  • Built in 1964

Lot Details

  • 1.3 Acre Lot
  • Property Fronts a Bay or Harbor
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Colonial Architecture
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 3,323 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Concrete Flooring
  • Storm Doors
  • Laundry Room

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Attic

  • Attic Floors
  • Attic or Crawl Hatchway Insulated

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Circular Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio

Schools

  • Lyme Consolidated Elementary School
  • Lyme Old Lyme Middle School
  • Lyme - Old Lyme High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Oil
  • Hydro-Air Heating System
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,480

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 3323
  • Year Built: 1964
  • Nearby Amenities: Library, Public Rec Facilities
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: From South: Route 156 to Ely's Ferry Road, right on Cove Road. #40 on Right From North: From Route 156 in Hamburg Village, bear Right on Cove Road. 1/4 Mile house on Left.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Crawl Space, Floored
  • Basement Description: Concrete Floor, Full, Interior Access, Unfinished
  • Interior Amenities: Cable - Available, Auto Garage Door Opener
  • Appliances: Dishwasher, Disposal, Oven/Range, Refrigerator, Range Hood
  • Additional Rooms: Laundry Room
  • Laundry Room Location: First Floor
  • Attic: Yes
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Shingle, Wood
  • Waterfront Description: Harbor, Walk to Water
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Circular, Crushed Stone, Private

Utilities

  • Cooling System: Central Air
  • Heat Type: Hydro Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic
  • Electrical Amperage: 200

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Lyme Consolidated
  • High School: Lyme - Old Lyme
  • Intermediate School: Lyme Old Lyme

Green Features

  • Energy Features: Storm Doors, Thermopane Windows

Lot Info

  • Acres: 1.3000
  • Lot Description: Lightly Wooded, Sloping Lot
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 7480
  • Total Assessed Value: 409900
  • Mil Rate Total: 18.250
  • Assessor Parcel Number: 1521552

MLS Schools

  • Elementary School: Lyme Consolidated
  • High School: Lyme - Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2016
Closed on
Oct 3, 2016
Sold by
Schellens Thomas E and Schellens Jane S
Bought by
Anderson Bruce W and Anderson Leslie P
Seller's Agent
Evan Griswold
Coldwell Banker Realty
Buyer's Agent
Jodi Strycharz
William Pitt Sotheby's Int'l
List Price
$565,000
Sold Price
$515,000
Premium/Discount to List
-$50,000
-8.85%
Current Estimated Value
$1,042,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527,790
Avg. Annual Appreciation
8.13%
Original Mortgage
$350,000
Outstanding Balance
$281,830
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$752,207

Purchase Details

Closed on
Dec 9, 2005
Sold by
Collins John
Bought by
Schellens Thomas and Schellens Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
5.62%

Purchase Details

Closed on
Feb 19, 1991
Sold by
Adams George H and Adams Phyllis
Bought by
Collins John T
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Anderson Bruce W $515,000 --
Schellens Thomas $460,000 --
Collins John T $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins John T $350,000
Previous Owner Collins John T $414,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $515,000 -8.8% $155 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $565,000 0.0% $170 / Sq Ft
02/21/2014 02/21/14 Rented $2,350 -6.0% --
02/21/2014 02/21/14 Under Contract -- -- --
10/01/2013 10/01/13 For Rent $2,500 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,657 $528,100 $210,900 $317,200
2024 $7,657 $528,100 $210,900 $317,200
2023 $6,626 $339,800 $134,000 $205,800
2022 $6,779 $339,800 $134,000 $205,800
2021 $6,779 $339,800 $134,000 $205,800
2020 $6,779 $339,800 $134,000 $205,800
2019 $6,779 $339,800 $134,000 $205,800
2018 $7,639 $410,700 $170,500 $240,200
2017 $7,481 $409,900 $170,500 $239,400
2016 $7,481 $409,900 $170,500 $239,400
2015 $7,276 $409,900 $170,500 $239,400
2014 $6,968 $409,900 $170,500 $239,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10121681

SmartMLS

APN: LYME-000026-000000-000021